Keeping the estate tax is a better idea
Let's get the real story behind Initiative 920 (proposing to abolish the Washington State estate tax). People need to understand what's really going on here.
As a Certified Financial Planner practitioner serving high net worth and institutional investors in Washington State, I am probably more familiar with the estate tax (or "legacy tax") and related planning strategies than the average citizen. Clients I serve, along with other millionaire Washingtonians, are potentially subject to our Washington State estate tax.